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« Prejudiced But Still Need To Make Money | Main | Very Fortunate »

September 12, 2005

Pullbacks For The Most Part

Oilrigcolorful_1


Overthe last two years of this Energy Bull Market, the best trade approach has been to buy pullbacks after several days of boiling upside.


With that in mind, I'm looking for 3-4 days of downside action to set up a buy.

At that point you'll see the Leufferites getting brazen and cocky once again with their hysterical "death of oil" calls, and that's the time to head back in.


Stephen


S&P Energy Spiders...click to enlarge
Zzzzxle


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